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010087 HIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME TO TIME, SECURITY FOR THE PAYMENT OF. SUCH SUM OR SUMS -OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO THE. MORTGAGOR, AND EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS SECURED BY THIS �16RTbAGE SHALL NOT EXCEED ONE HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THAT MAY BE MADE TO PROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE. THE MORTGAGOR FURTHER COVENANTS AND AGREES: That the Mortgagor will pay the indebtedness as hereinbefore provided. That the Mortgagor is the owner of said property in fee simple and has good right and lawful authority to sell and convey Ilie san�ie and that the same is free and clear of my lien or encurnhi-ance; an([ that Mortgagor Nvill warrant atilt defend tlic' title to said premises against the claims of all, persons whollisoever. To pay immediately wilen due and paya'ble all general taxes, special ta%es, special assessments, water charges. sewer se�%,- ice charges, and other taxes and charges against said property, and all taxes levied oil the debt secured lierehy.-and to furnish tile Mortgagee, upon request. with tile original or duplicate receipts therefor. 'I'll(- Mortgagor agrees that. there , sliall Ili- added , to each monthly payn-lient required hereunder or under the evidence of debt. secured hereby -,in aniount.e.-Ainiated by the Mortgaj�,ee to lie sufficient to enable the INIortgagee to pay, as tIlev I)ecolliv due, all tax", assessinents, and similar chalrges upon the prep- ises subject. thereto; any deficiencv because of the insufficiellev of sticil a(l(litiona . I payments shall he forthwith deposited by tile Mortgagor with tile 'XIortgagee upon demand by fit(! Nlortgagee. Any default under this paragraph sliall he deeined a default ill payment of taxes, agsessments, or similar charges required hereunder. Mortgagor agrees that there shall also be added to each niolithly payment of principal and interest required here- under ;in aniount estimated by the Nlortgagee to he sufficient to enable tile Nfortgagee to pay, as it beconles dur. the insurance premium oil my insurance policY delivered to the Nlortgagee. Ali%, deficiency because of tile ill�llfficierlcy of such additiolial-pay- ments shall be forthwith deposited by the INJortgagor with tilt- %lortgagee upoll demand by tilt- Nlortgaget% Any default. under this paragraph sliall be deenied a default in the payment of insurance premiums. If the policy or policiesdeposited ire such as lioniv- owners or all risk policies, and tile deposits are insufficient to pay the entire premium, the i0ortgagee may apply the deposit -to pay premiums on risks required to he insured by this mortgage. Payments made by the Mortgagor under the above paragraphs illay. 'at tile option of the INfort gagee, he lield bY it and commingled with other such full(],,; or its own funds for the payment of stich items. and until so applied, stich paynients nro hereb.\ I)I0d9Vd Is security for fit(, unpaid balance of tile mortgage indebte'diless. To proCUre, deliver to, and Maintain for' the henefit of the Nlortgagee during the life of this mortgage original policies and renewals thereof', delivered at least tell days bef(')re tile expiration of allY sucl . i policies, insuring against fire and other in.,;tlrahle hazards, casualties; and,contingencies as tile Mortgagee may require, in all amount equal to tile indebtedness securcA by this Mort .gage. and ill, companies acceptable to I lit! Nlortgagee, with loss payable clause in favor (if and in form acceptable to the Mortga- gee. In t'lle evel�t ally poliev is not, renewed oil or before ten days of its expiration. fit(- Niortgagee inay procure insuranceon ill(, improvements, pay the premium therefor. tilt[ such suln sliall becolile immediately flue and payable with interest at the rate set forth ill said note until paid and sliall he secured 1) , v this niortgnge. I Failure on'the part, of the Mortgagor to fti'mish such renewals w; ire herein required or failure to pay any stillis advanced hereunder shall. at the option of the Nlortgagve. constitute a defaillt under the.ternis of this roortgage. The delivery of sueh policies shall,' ill the event of default, constitute 'Ili as�4ignnicnt of the tilt - earned premium. Ali\, sums received by the Nlortgagee hY reason of loss or daniage insured against mav he retailled h%. lit(. Mortgagce and applied toward fill- payment of the debt hereby scctired, or, at the option of the Mortgagee,SUCh sunis oitherwholly or.in part may be paid over to the Mortgagor to be tised to repair such buildings or to bitild'new buildings- in their place or for a.hy other purpose or object. satisfactory to the Nlortgagee without afTecting, the lien oil the mortgage for the full aniount secured hure- by before stich payinent ever took place. To promptly repair, restore or rebuild art.\, buildings or improvements, no\\, or hereafter oil the premises which ma ' v be- come (],image([ or destroyed: to keel) said premises in good condition and repair and free from nny nlechanic's lien or other li(111�01` claim o . f lien not expressly subordinated to tile lien hereof; not to stiffer or permit ,in\, unlaWful Lise of or any nuisance 1(; exist loll said property nor to perinit waste oil said preinises, nor to do any other act whereby the property hereby conveyed shall becorne less valuable, nor to diminish or impair its value by any ;let or onlissioll to act; to colliplY with all requirements of law %\,ill) respect to the mortgaged preinises and the use thereof. 'I'llat sh6tild die premises or in%, part thereof lie talien or damaged by reason of anY public improvement or condemnation proceeding, or upder the right of eminent domain, or in anv other manner, the Mortgagee sliall he entitled to all . collipelisatio . Its. awards, and any'other payment or relief therefor, and shall be entitled, at its option, to commence. appear ill and prose -cute it) Jts o%vil lialn(,- my action or procceding, or to make any compromise or settlement in connection with such taking or damage. %It Stich compensation, awards, damages. right. (if action and proceeds are liereby assigned to tile Mort"wee, who Inay. after deducting therefrom all its expenses, release any nioneys so received bY it or apply the saine oil ;ill%, indehtednes.-� secured heroby.The Mort- gagor agrees to execute such flirther assignments of any compensation. awards. daninges. and rights ofaction ,in(] proceed,; as the Nfortgagee may require. That in -ca -w of failure to perform any of the covenants herein. tilt- Nlortgagee may (To oil tho i\ Tort gagor*s 1whalf everYthing so covenalited;' that tilt, Nlortgagee may also do aliy act it may deem necessary !o protect the lien thereof: that the Mortgagor will repay upon demand my nioneys paid or disbirrsed by fit(- Nlort-aget, for any oftthe above purposes, and such moneys together with interest. theretin. at tile rate provided in said note shall become so much additi ' onal indebtedne.,;., IlerebY secured and may be in- cluded in any decree foreclosing this mortgage and lie paid out of the rents or. proceeds of sale of said premi'ses if not otherwise paid; that it. shall not lie obligatory upon the 'Nlortgagep to inquire into the validity of any lien. encumbrances, or claim in ad- vaticing moneys, as above authorized, but nothing liervin contained shall be construed as requiring the Mortgngve It) a * (Ivan(,(- all , \7 moneys for any,such purpose nor to do any act. hereunder; all(] that Mortgagee sliall not incur any personal liability hcc;lll�ze of, allY_ filing it may do or omit to do hereunder. In the event of the default by NIortgagor in the payment of ally installment. as required by the Note secured liereby. or in the performance of the ol'Aigation in this mortgage or in the note secure([ thereby, the Nlortgagee sliall he entitled to declare the debt secured hereby due and payaiAe without notice, and tilt, Nlortgagee shall he entitled at its option, without notice. either by.itself or by a receiver to be appointed fly the court thereof, and without regard to tile adequacy of any securit ' v for tile indebtedness se- cured hereby, to enter upon and take possession of the mortgaged premises, and to collect. and receive the reiit,,;, issues and profits thereof, and apply the same, less costs of operation arld collection, upon fit(! indebtedness secured by this mortgage; said rents, issues and pi-tifits being hereby assigned to the Mortgagee. as furlher securitY for the paYment of all indebtedness secured lierebv. The Mortgagee sliall have tile power to appoint my agent or agents it may desire for the purpose of repairing said prem- ises: renting the same-, collecting the rents, revenues and income, .6id it may pay out of said income all expenses incurred ill rent- ing and managing the same and of collecting the rentals therefrom. The balance remaining, if my. sliall be applied toward tile discharge of the mortgage iii(lebtedness. This assignment is to terminate and become null and void upon relewv ofthismortgage.